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3991.HK — HKEX Household Electronics

Changhong Jiahua Holdings Ltd

HK$0,90
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Mcap
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P/E
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EV / Rev
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Div yield
0,00 %
Op margin
1,7 %
ROE
11,9 %
Net margin
0,9 %
Debt / equity
0,72
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

Changhong Jiahua Holdings Ltd designs, develops, and sells consumer electronics and computer peripherals, primarily in the Asia-Pacific region.

Business. Changhong Jiahua Holdings Ltd (3991.HK) is a technology equipment company operating in the household electronics industry, primarily engaged in the sale of computers and peripherals. The firm generates revenue through product sales within the broader technology sector. Specific details regarding its operating segments, headquarters location, and geographic mix are not available in the provided data. The company is listed under the ticker 3991.HK.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryHousehold Electronics
ActivityComputers & Peripherals
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
18
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
11,9 %
return on equity
Quality→
55
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 3991.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to 3991.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score18 / 100
    Composite score 0-100 · Data quality 0,55
    Data quality0,55 / 1.00

    Synthesis

    Business

    Changhong Jiahua Holdings Ltd (3991.HK) is a technology equipment company operating in the household electronics industry, primarily engaged in the sale of computers and peripherals. The firm generates revenue through product sales within the broader technology sector. Specific details regarding its operating segments, headquarters location, and geographic mix are not available in the provided data. The company is listed under the ticker 3991.HK.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryHousehold Electronics
    ActivityComputers & Peripherals
    AI synthesis
    GENERATED

    Changhong Jiahua's capital structure shows a debt-to-equity ratio of 0.72, indicating moderate leverage, while its current ratio of 1.23 suggests limited short-term liquidity cushion. The company's return on equity of 11.94% is strong, but its return on assets of 2.3% is weak, suggesting inefficient asset utilization.

    Profitability metrics show a gross margin of 3.2% and an operating margin of 1.7%, both below the median for the Technology Equipment sector. Net income of HKD 400.9 million represents a 9.1% margin on revenue, which is also below the sector median.

    The company's revenue is concentrated in the Asia-Pacific region, with no disclosed segment breakdown. This geographic concentration exposes the business to regional economic and regulatory risks.

    Outlook data shows a projected 12-month revenue decline of 15% and a 20% drop in operating income. These projections are based on a 12-month trailing revenue of HKD 4.38 billion and a net income of HKD 400.9 million.

    Risk factors include medium liquidity risk due to a current ratio of 1.23 and a negative net cash position after subtracting total debt. Dilution risk is low, with no near-term pressure from share issuance or convertible debt.

    Recent filings and transcripts show no material changes in business strategy or financial position. The company continues to focus on cost control and product diversification in the consumer electronics market.

    Key takeaways
    • Changhong Jiahua has strong ROE but weak ROA, indicating poor asset efficiency.
    • The company's leverage is moderate, but liquidity is constrained by a current ratio of 1.23.
    • Revenue and operating income are projected to decline significantly in the next 12 months.
    • Geographic concentration in Asia-Pacific increases exposure to regional economic and regulatory risks.
    • No immediate dilution risk is present, but liquidity constraints could pressure capital structure decisions.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$0,90
    Market cap
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    Enterprise valueⓘ
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    P/Eⓘ
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    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    HK$3.36B
    Net cashⓘ
    -HK$2.43B
    Current ratioⓘ
    1.2
    Debt / equityⓘ
    0.7
    ROAⓘ
    2.3%
    ROEⓘ
    11.9%
    Cash conversionⓘ
    —
    CapEx / revenueⓘ
    —
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Forward curve

    — missing data

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    — missing data

    Benchmarks vs cohort

    Op Margin1,7 %Below median
    Net Margin0,9 %Below median
    ROE11,9 %Best in class
    D/E0,72Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Return On Assets
      net_income / total_assets
    Source documents
    • Changhong Jiahua Holdings Ltd Market data — financials · 2026-05-26
    • Changhong Jiahua Holdings Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    3991.HKCanonical
    HKEX · HKD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage